PE-Backed HD Supply Seeks Up To $1B In IPO

Law360, New York (April 12, 2013, 3:34 PM EDT) -- Private equity-backed industrial distribution company HD Supply Holdings Inc. filed for an initial public offering on Friday, saying it would seek to raise up to $1 billion from the IPO in an attempt to pay down debt.

HD Supply — owned by private equity giants Bain Capital, Carlyle Group LP and Clayton Dubilier & Rice LLC — filed a registration statement with the U.S. Securities and Exchange Commission officially announcing its plans to go public.

Atlanta-based HD Supply, formerly a division of Home Depot Inc. reported...
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